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The volumes on coincodex match the liquidity volumes on the exchange but we are pretty sure GST aren’t actually executing all those trades. If they were trading 440million BTC worth a day that would be a staggering 800k a day. They would have sent an RNS out as in two days they would have payed the bill in two days.
Moomins if that trading volume was correct on their GST would have to put out an RNS to show the substantial amount of money they are making. They simply cannot hide those figures, I don’t think it’s correct.
Https://www.theia.org/sites/default/files/2024-03/Further%20Fund%20Tokenisation%20-%20Achieving%20IF3%20Through%20Collaboration%20%20Mar24.pdf
Released today by the FCA, your gonna love this read
Definitely think there is something going on with N26, Tim has responded to quite a few of my emails but none to do with n26. It would be no big deal to say nothing is happening as because nothing has been announced to do with them it wouldn’t make any difference. But absolute radio silence from both Gst and N26. Truely believe something is going on between that multi billion company and little GST. If I hear anything I will post here.
Https://www.finextra.com/the-long-read/974/2024-is-the-uks-landmark-year-for-stablecoin-regulation
Good read
It’s been happening for months Rogers there have been hundreds of 3k buys and 2k buys since jan. I think innovations pathways ended in jan, and Gst are waiting for the aquisitions to complete before their next move. They have clearly got all the information they need now imho opinion. Also the Gst investors page update on the 26th jan showing the massive increase in holders tells the whole picture.
We all agree with you but we covered this last week. The business has stated they don’t need to RNS it/won’t RNS it as they are obligated to do so under certain legislations. Til in investors relations confirmed it. Which is why I think they want to sp to stay here as there are mates who want all the shares they can get ready for big news.
Neobanks
Neobanks such as Wise or Revolut. Existing neobanks can become potential customers of the Group’s B2B solution. It can be very costly to ‘build’ or ‘acquire’ a blockchain stablecoin payment chain and have the necessary blockchain talents in-house to maintain such a payment system. Existing neobanks are better off ‘borrowing’ the solution from a specialist solution provider. There are high barriers to entry for regular sized fintech firms to do backwards integration
From their 2021 report
Https://data.fca.org.uk/artefacts/NSM/Portal/NI-000032643/NI-000032643.pdf
Great refresher and in this is the mention of N26.
I’m definitely thinking there is a link with N26 at the moment. Tim emailed me back yesterday saying he didn’t know about a link himself but would ask the company. He hasn’t emailed back and I’ve chased him twice, he’s normally very quick to say no. Also had nothing from N26 and emailed a number of their support emails. Will be interesting to see how that develops as in GST 2021 FCA statement they meant Jones N26 as one of the rising neo banks along with a few others.